asked 70.2k views
5 votes
Chris is calculating his deductions for his tax return. He is filing singly. He can claim $1,813 from property taxes, $1,513 from medical expenses, and $761 from state income tax. The standard deduction for a single filer is $5,700. How does the standard deduction compare to Chris’s deductions?

2 Answers

1 vote

Answer:

c. the standard deduction is $1,613 better than chris's deductions

Step-by-step explanation:

just took the test and got it correct

answered
User Korey Hinton
by
8.5k points
5 votes

Answer:

The $1,613 would be better than the Chris total deduction

Step-by-step explanation:

For comparing the standard deduction with the Chris, deductions, first we have to compute the Chris total deduction which is shown below:

Chris total deductions = Property taxes + Medical expenses + state income tax

= $1,813 + $1,513 + $761

= $4,087

And, the standard deduction is $5,700

So, the difference would be $1,613 would be better than the Chris total deduction

answered
User Alex Bliskovsky
by
8.7k points
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